"Your Honor, my client is only guilty of good taste."
December 10, 2015
A 1990 Château Pétrus. A 2005 Château Mouton Rothschild. A 2010 Château Mouton Rothschild. A 2009 Château Lafite Rothschild. And multiple bottles of Opus One. What do these wines have in common? Well they are certain to enliven even the most dull office party….and with holiday season in full swing you may want to score some. If you’d like to source some of these at a good price then try to front run the police in tracking down our local Bordeaux Bandit!
As the saying goes, if you can’t beat them join them. Now, we aren’t encouraging anyone to carry out a heist...but it may be that our bandit knows something that we don’t. A study on the profitability of wine investments by Philippe Masset and Jean-Philippe Weisskopf of the Ecole hôtelière de Lausanne is said to have found that adding wine as an asset class to a portfolio boosted its returns. Our clients are always looking for interesting investments so we think this may certainly be one to explore in the New Year. In fact, we will be hosting several seminars that explore tapping into non-traditional areas and we look forward to the hearty discussions that will follow…hopefully accompanied by some wine.
We would like to remind you that wine is a niche investment and the same study noted that adding it to the portfolio also increased the portfolio’s risk. However, wine may not be as illiquid as they say...afterall…at the end of the day…you can just drink it!